1099-K Tax Forms

[bossesale77]

Today I was informed by my accountant that she needs 1099-K forms from me for my 2019 & 2020 eBay sales even though I didn't reach the reporting threshold either year. I've searched both eBay and PayPal for a way to generate or request the forms (it's my understanding that eBay will only auto-generate them if the threshold is met) and so far I've gotten nowhere. How do I go about getting these forms? Any advice will be appreciated and thanks in advance to anyone willing to give some.

[kennys-kollectibles]

I had an accountant for 6 or 7 years, and for a different reason, I got rid of her. 

I started using business and personal turbotax 5 years ago and I haven't turned back. 

I also had  a  parttime regular job as well, that why  I needed the personal part .   

It's cheaper, but will take some time to learn it.   It's not bad though, you just answer the questions

and it figures it for you.   I don't think your accountant really needs those forms, but I am no expert.   

but to use turbo tax you will have needed to keep good records.    

This may not help you but it's something to think about.   

[slippinjimmy]

You tell your accountant you have all your business records, didn't receive a 1099 because you didn't reach the thresholds. If she stills says she needs something or doesn't think she can do the returns without a 1099 then you need to find a new accountant as the one you have is incompetent.

FYI - Assuming you were not in Managed Payments in 2019/2020 eBay would not have anything for you and now way to get anything for you, it would all be at PayPal.

[duffy4444]

   I can't believe your accountant is asking for something that is not generated because your activity did not meet the threshold. That's like asking for a W-2 when you were not employed.

   Your accountant is going to have to rely on your own income/deductions figures for filling out your Schedule C. -- or get into another line of business.

   I've heard good things about Turbo Tax. But I use GoDaddy.com, which ties into my Ebay, Amazon, Etsy and PayPal activity in realtime, keeps automatic track of income and expenses, and generates a report at any time and at the end of the year. I  just hand it over to my CPA... After getting my account setup, which is intuitive and relatively easy, the only thing I have to do by hand is categorize a few income an expense items here and there, and enter my mileage. The yearly subscription cost is very reasonable, considering the time savings throughout the year -  especially  since I don't have that much hair any more to pull out in frustration at tax time.

Cheers, Duffy